From GPP to GSP: The Evolution of the Program

GPP Program History

KKR’s Green Portfolio Program (GPP) was launched in 2008 in partnership with Environmental Defense Fund. In 2015, after almost eight years of progress, we believed the program was at an inflection point. With nearly $1.2 billion in financial impact and more than 2.3 million metric tons of GHG emissions avoidedi, the program reached a major milestone. Simultaneously, it became clear that additional ways to partner with portfolio companies to create value required a more flexible and inclusive approach.

In 2015, the Firm decided to launch the Green Portfolio Program as the “Green Solutions Platform,” a global program centered around three focus areas: eco-efficiency, eco-innovation, and eco-solutions. We believe this shift enables KKR to engage with and highlight more companies that are making meaningful change.

2013 GPP Results

In 2014, we reported our final results announcement for the Green Portfolio Program.

The results issued in October 2014 marked the sixth time that the program announced progress from its participating private equity portfolio companies.

From 2008 to 2014, 27 portfolio companies took part in the Green Portfolio Program. Collectively, through their efforts in key environmental performance areas over the course of the program, 25 of these companies have achieved an estimated $1.2 billion in financial impact and avoided approximately 2.3 million metric tons of GHG emissions, 6.3 million tons of waste, and 27 million cubic meters of water use.

A.T.U., PRIMEDIA, Inc., Sealy, and TDC A/S have exited the KKR portfolio and thus are no longer reporting results into the Green Portfolio Program. Bharti Infratel’s results are not included as part of the aggregate program results (see footnote on Bharti Infratel page).

Results from declines in efficiency are not included in portfolio company summaries (see methodology document), but are included in the aggregate data. Therefore, estimated environmental and financial benefits in the summary table may sum to more than the reported "total" results, which takes into account the impacts from decreases in efficiency. In order to aggregate the results across participating portfolio companies, at some companies metric tons of waste was converted to short tons of waste and units of measurement for water use were converted to cubic meters.